by Dave Preston
A condo development on Hwy. 97 that has gone through several iterations received third reading Tuesday night from Peachland council.
Somerset Reach (formerlly the Hangingstone development) is a 100-unit complex on two properties adjacent to Hwy. 97 and Princess Street.
At one time, the development, which has been on the district’s books for seven years, was presented to council as a 120-unit design including affordable housing and a density bonus. That plan was scrapped in favour of fewer units.
“The developer has agreed to provide a cash contribution in lieu of provision of affordable housing ($100,000.00 to be placed in a
District Housing Reserve Fund),” said Dave Smith, the town’s director of planning and development services.
Council gave third reading to a rezoning bylaw amendment.